PHOENIX-Average selling prices are down for office buildings and vacancy is up, but still nobody is fleeing the market, says a Grubb & Ellis vice president. The firm's annual forecast predicts this year's market will resemble 2001 and hold that way until 2003.

PORTLAND-"We expect that we will turn the corner on this recession by the third quarter of 2002," says Bradford H. Fletcher, Grubb & Ellis executive vice president and Portland managing director, in the company's just released 2002 Real Estate Forecast on the office, industrial and investment markets.

DALLAS-Veterans Wayne Swearingen and King Laughlin have the time, the investors and probably the inside track. A $16-million deal took two years to get to the closing table. Roughly a dozen more, inside and outside Texas, are being massaged.

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